The largest US life insurer, aka MetLife, plans to do away with its Systemically Important Financial Institution (SIFI) designation by spinning off its retail life and annuity business in the US because “an independent...

Lemonade, the world’s first P2P insurance carrier, announced its ‘insurance dream-team‘. Think 2 Ex-ACE and 2 Ex-AIG. Recall: NYC-based Lemonade recently raised $13 million from Sequoia Capital and is slated to launch in...

Uber China, which is now valued at $7 billion, compared to a $16 billion valuation of its main rival Didi Kuaidi, raised new funds. Reports suggest that China Life Insurance is one of many investors....

NYC-based healthtech startup Vericred raised $3.1 million in its second round of seed funding to expand its data services and beef up its sales team. The company’s flagship product is a health plan search...

Insurance consultancy startup, FinanceFox, which allows customers to manage their insurance policies via a mobile app, raised $5.5 million to expand its marketing and sales activities in Switzerland and Germany as well...

“If 100 carriers were to compete in a bake off, all given the same ingredients, you would end up with 100 different cakes, and each carrier declaring they had the best...

CEO of BlueCross and BlueShield of North Carolina, Brad Wilson, is apologizing for the company’s slow customer service. Think: the insurance company is experiencing 400 – 500% more calls than last...

As part of its commitment to innovation, Liberty Mutual has launched Solaria Labs, an internal incubator tasked with developing products and services with transformational potential that will focus on identifying...

The insurer partnered with Human Condition Safety, a maker of wearable devices designed to reduce on-the-job accidents, as part of a broader push to cut work comp costs.

The insurer will offer ridesharing coverage for Ontario drivers come February.

Liberty Mutual introduced a new app called RightTrack in partnership with Subaru that offers real-time driving feedback and tips for the sake of better driving and ultimately lower insurance premiums. Bottom Line: the app will be available...

AIG today announced a strategic investment in Human Condition Safety (HCS), an early-stage technology startup company developing wearable devices, analytics, and systems to improve worker safety. Terms of the deal...

Scotland-based insurtech Cuvva, which offers car insurance coverage for as little as an hour via a mobile app, raised £400,000 in seed funding to grow its business. Incumbents watching: Tempcover, DayInsure,...

AXA Strategic Ventures (ASV), a global $250 million venture capital fund, today announces that it has added four new investments over the second half 2015 to its portfolio in the...